Legitimate, in this case, means that the entity is part of an overall business investment strategy whereby you have a business plan, tax returns, and the funds you seek are for further business expansion.If, however, the LLC is a stand alone entity, is not profitable, or is not legitimate, then your probably better off putting into your personal name and securing funding that way, or still talking to local or regional banks to see if they have any loan programs available where you might be able to secure financing.

So my plan is to house hack for few months and then move out so that it can generate some cash flow..

Go in person to the planning department and talk to them.

If you plan in getting conventional financing, they will not allow you to use the LLC.

@Jaycee Greene I planned to approach the seller to explore the possibility of carrying a seller's note.

If you plan to live there in the winters, you might have a hard time doing long term rental outside of that and finding a new tenant every summer.

These platforms are affordable and offer comprehensive reports (credit, background, eviction history) without you having to handle sensitive information directly.Verify Employment and Landlord History: Your plan to request pay stubs and a landlord reference is solid.

In some places there are a few days grace period to allow for rent that is sent via mail (which I don't get because if it is due on the 1st, plan ahead). 

@Van Lam - I think your plan to finish rehab and then rent them out a higher market rents makes sense to do first.

Ofcourse I am planning to consult a lawyer first.